Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Nio (NIO – Research Report) yesterday and set a price target of $65.00. The company's shares closed last Tuesday at $31.58, close to its 52-week low of $28.02. According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 34.1% and a 74.5% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Allegro MicroSystems, and NXP Semiconductors. Nio has an analyst consensus of Strong Buy, with a price target consensus of $61.86, implying an 85.5% upside from current levels.
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